Summary

Allows companies to speak publicly to qualified angel investors at approved events without being treated as "general solicitation" under SEC rules, as long as the event and sponsor meet specific conditions. The SEC must amend Regulation D within six months to create this narrow exemption for presentations and communications at qualifying events; simply attending an event still won’t by itself create a pre-existing substantive relationship for certain private offerings.

• Directs the SEC to amend Regulation D so presentations at qualifying angel events are not "general solicitation."
• Requires the SEC to issue the amending rule within 6 months.
• Defines "angel investor group" and "issuer" and sets conditions an event and sponsor must meet.
• Exemption applies only to presentations and communications at qualifying events, not broader advertising.
• Attending a qualifying event alone does not create a pre-existing substantive relationship under Rule 506(b).
• Event sponsors will have compliance obligations to verify attendee status and meet statutory conditions.
• Aims to expand early-stage fundraising channels while keeping other investor-protection rules intact.